GALENA PARK TERRACE

EIN: 370975953 501(c)(3) Housing & Shelter

PEORIA HEIGHTS, IL

Total Revenue
$26,211
Total Expenses
$8,846
Total Assets
$5,315,046
Net Assets
$5,315,046
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
IL
Principal Officer
WILLIAM WOMBACHER
Phone
3096732252
Tax Period
2024-07-01 to 2025-06-30

GALENA PARK TERRACE, founded in 1968, is a micro nonprofit in the Housing & Shelter sector that reported $26K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 66% operating margin.

Mission

TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY AND DISABLED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $26,211
Other Revenue $0
TOTAL REVENUE $26,211

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,846
Other Expenses $8,846
TOTAL EXPENSES $8,846

Year-over-Year Comparison

2024 2023 Change
Revenue $26,211 $21,815 +0.2%
Expenses $8,846 $8,313 +0.1%
Net Income $17,365 $13,502 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT MABEE DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM WOMBACHER PRESIDENT 0.50
Officer Director
$0 $0 $0
DAN VONACHEN SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
JAMES STOWELL SR VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
THOMAS GIUNTA DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $26,211 $8,846 $5,315,046 $17,365
2024 $21,815 $8,313 $5,110,673 $13,502
2023 $81,721 $9,810 $4,853,207 $71,911
2022 $12,802 $7,554 $4,639,800 $5,248
2021 $79,994 $7,070 $4,652,046 $72,924
2020 $84,730 $2,331 $4,364,487 $82,399
2019 $210,518 $1,287 $4,221,839 $209,231
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